The Week  |  30th July 2016
A DISGRACED TYCOON, MP'S SLAM SIR PHILIP GREEN
MPs delivered a scathing judgment on former BHS boss Sir Philip Green this week, accusing him of the “systematic plunder” of the retail chain. The billionaire’s role in the company’s collapse represented the “unacceptable face of capitalism”, according to the joint report from two Commons select committees. He had enriched himself “fantastically” through lavish dividends from BHS while failing to top up its pension fund. He then doomed BHS by selling it to Dominic Chappell, a “manifestly unsuitable” bankrupt. Green, it
said, now had a “moral duty” to meet BHS’s £571m pension deficit.
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